Artificial Intelligence is the emulation of cognitive abilities into devices and machines around us. The applications of AI can be extended to all businesses and enterprises, especially in the areas of optimizing processes for better efficiency and execution. AI’s future is only but bright as enterprises are already integrating it at various levels.
Some AI use-cases you may have encountered at enterprise level include:
The effects of AI-driven automation ecosystem extend far beyond economic, governance, commercial, and trade supply chains. While several organizations are still getting used to the rapidity with which AI is bringing about industry wide automation, the trend is on a steep incline and is only expected to grow in the coming years with processes, services, operations, and supply chains getting fully automated.
Customer Experience and Interaction
Customer interaction, a key element for any enterprise, is evolving with AI imparting human like abilities to its various elements. AI enabled assistants rule out human errors and delays, while keeping human intelligence in the picture giving way to better customer experience.
Security solutions are now equipped with intelligent biometric recognition systems, thanks to AI which makes it possible to use the information provided by biometric systems to detect unauthorized access and fraudulent attempts. AI-powered data analytics make it easy to identify security concerns and such systems are actively being used in sectors like banking, retail, logistics, and more.
Here’s a concise look at the current enterprise level adoption of AI:
With AI-driven automation capturing the imagination of enterprise level executives, concepts such as cloud computing, parallel processing systems, and many more are maturing and observing widespread adoption.
AI Driven enterprises: set to overtake the market with better services
AI holds exciting opportunities for enterprises. From research to finance and IT, the tech has seeped into every aspect of modern enterprise functioning. Let’s take a look at how AI is set to reshape critical enterprise aspects.
AI can help enterprises understand and identify patterns that may be used to conduct frauds and tap into their systems for key information. AI enables systems to dynamically evolve to tackle threats to Cybersecurity. Banking enterprises are set to benefit the most from this. Human security firewalls are somewhat susceptible to hackers, but the good news is that AI offers a solution to this with enhanced data and network security.
AI in healthcare: Better diagnosis and remediation
AI offers an edge over existing healthcare solutions when it comes to diagnosis and remediation. AI powered labs are able to offer predictive analysis to assist human staff for early diagnosis to life threatening diseases, giving way to predictive care rather than remedial care. Additionally, surgical robots are introducing a new level of precision in complex operations, rehabilitation, and physical therapy.
Smarter Manufacturing Robots
Manufacturing industries have already been through an industrial revolution where manual workers paved way robots that offered precise and timely execution. With tech companies like Boston Dynamics creating more intelligent and adaptive AI powered robots, manufacturing efficiency is set to reach whole new level of expertise.
Artificial Intelligence in Logistics
AI powered robotics and computer vision systems are set to revolutionize the logistics industry. From automating back office processes to assisting logistic providers with address management, AI finds several applications in logistics enterprises.
Artificial intelligence is set to become the mind of cars. Over the coming years, the tech will give vehicles the ability of vision, cognitive analysis, and enable them to predict numerous driving scenarios. What this essentially means is that users can sit back and relax because once the destination is entered these self-driving vehicles can take you there with minimal effort.
Virtual Beings in the Hospitality Industry
Life-like communicating virtual beings powered by AI are no longer a subject of science fiction that you might have seen in movies. Meant to assist you in various tasks, they have the ability to converse and are quite intelligent with vast data banks. Additionally, the hospitality industry is also witnessing better in-person customer service with the use of dedicated robots. Leaders like Marriott, Hilton, and Caesars are embracing AI with more big names to follow this trend.
Will AI live up to the expectations?
With all the potential AI comes with, it also brings some challenges when it comes to implementation. Our current workforce is neither willing nor technically capable to work in tandem with such intelligent systems. Also, businesses may be somewhat reluctant to the idea of AI as it includes a lot more power in the hands of a rather evolving domain.
However, the reality is somewhat different as depicted in this report by McKinsey Global Institute on ‘The Future of Work in America.’ This study predicts AI creating more high paying jobs for workers willing to learn new skills.
Thus, enterprises should be willing to invest in training and up-skilling for employees so that they become well versed with such processes. Also, they need to influence a positive mindset among employees to form a trust value with dynamically involving AI systems.
Despite the challenges it faces, the market forecasts AI to overtake 80 percent of the business processes to optimize them for better efficiency. AI is a hit among entrepreneurs as they are warming up to the idea of technological advancement in conventional business processes. It gives them the freedom to focus on growing their business instead of being involved in repetitive tasks. If we are able to effectively address these minor challenges, AI’s future is bright, and businesses will only benefit from this.
This article was taken by Towards AI